Debt: A Tough Pill to Swallow Financial challenges are an inevitable part of life for many individuals, and one of the most bitter aspects often comes in the form of debt. Whether it’s student loans, credit card balances, or mortgages, … Continue reading →
Mastering Court Form N244: A Guide to Challenging an Eviction Notice Facing an eviction notice can be an incredibly daunting experience, whether you’re renting or you’re a homeowner with a mortgage. Fortunately, in England and Wales, there’s a legal recourse … Continue reading →
Understanding the Bankruptcy and Insolvency Register (BIR) When financial challenges become overwhelming, seeking relief through formal insolvency procedures might be the best course of action. However, the process doesn’t end once you’ve declared bankruptcy or entered into an Individual Voluntary … Continue reading →
Mis-selling of IVAs: Fines and Court Awards Debt Management Companies Fined for Mis-selling of IVAs Company Fine (£) Year Reason Debt Help Charity (1) 195,000 2023 Mis-selling IVAs to vulnerable consumers Debt Help Charity (2) 100,000 2023 Mis-selling IVAs Debt … Continue reading →
How Peter Achieved a Good Full and Final Settlement with 1st Credit Access to Funds via a Third Party or Family Friend Before embarking on the full and final settlement journey with 1st Credit and others, Peter took a proactive … Continue reading →
Choosing Financial Freedom: The Case for Considering Bankruptcy In the realm of personal finance, the word “bankruptcy” often carries a heavy stigma. People tend to shy away from it, associating it with financial failure and a tarnished credit history. However, … Continue reading →
Beware the IVA Trap: How Consumers Fall Victim to IVA Mis-Selling In the labyrinth of financial solutions, Individual Voluntary Arrangements (IVAs) have emerged as both a lifeline and a peril for debt-ridden consumers. However, beneath the surface of debt relief, … Continue reading →
Need More Time to Think About the Best Debt Solution? Extreme creditor pressure can be an overwhelming force, compelling individuals into hastily-made decisions that might exacerbate their financial predicament. When caught in the relentless storm of debt, taking a moment … Continue reading →
Debt and Property Issues: Understanding Charging Orders Dealing with debts can be a challenging journey, and for creditors seeking repayment, the legal process of obtaining a charging order becomes a crucial tool. In this Johnny Debt guide, we delve into … Continue reading →
Ditch the Debt: Proven Hacks for a Swift Repayment Debt can feel like a heavy burden, but with the right strategies, you can break free and achieve financial freedom sooner than you think. In this Johnny Debt post, we’ll explore … Continue reading →
Snowball or Avalanche: Which is the Best Debt Busting Strategy? Managing debt can be an overwhelming task, especially when faced with multiple obligations and high-interest rates. Two popular strategies, the debt snowball and debt avalanche methods, offer distinct approaches to … Continue reading →
The Road to Debt Recovery: A Practical Two-Step Approach Extreme creditor pressure can force you into making hasty and uninformed decisions, potentially exacerbating your financial woes. If you find yourself drowning in debt, it’s crucial to take a strategic approach … Continue reading →
Seeing Through the Smoke: IVAs and the Snake Oil Salesman’s Tricks Not all IVAs are Bad At Johnny Debt, we firmly believe that not all Individual Voluntary Arrangements (IVAs) are inherently bad. When the right conditions align, an IVA can … Continue reading →
Bankruptcy: Why the Least Popular Debt Solution? Insolvency Estimated Annual Figures for 2023: Insolvency Type Estimated Annual Figure Debt Management Plans 340,000 Individual Voluntary Arrangement (IVA) 62,846 Debt Relief Order (DROs) 31,088 Bankruptcies 7,682 Insolvency Estimated Annual Figures for 2023: … Continue reading →
Facing Debt Head-On: Dispelling the Fear of Prison In the realm of personal finance, the fear of imprisonment due to debt is a pervasive concern that can cast a shadow over those facing financial challenges. It’s crucial to understand that … Continue reading →
